State AGs fight bonus pay for CEO of OxyContin-maker Purdue

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State AGs fight bonus pay for CEO of OxyContin-maker Purdue
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The chief executive officer of OxyContin-maker Purdue Pharma LP should not colle...

- The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday.

The attorneys general from 24 states said Craig Landau should not collect a bonus that would lift his pay to $3.9 million because of his alleged role in downplaying the risks of Purdue’s drugs. The attorneys general said documents that have not been made public tie Landau to the alleged misconduct by the Sackler family owners of Purdue.

The official committee of unsecured creditors supported the bonus plan for Landau, once his target payment had been reduced.

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